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Published January 11, 2021 at 3:45 PM EST Listen • 49:00 / Cuban began phasing out the Cuban Convertible Peso, the CUC, on Jan. 1, 2021. It brings an end to the dual currency system on the island that has been in place since the 1990s. The change is expected to stoke inflation even as the country s economy is reeling from American restrictions and the pandemic-induced collapse of tourism. After more than 25 years, Cuba is doing away with its dual currency system and getting rid of the Cuban Convertible Peso. What does the change mean for Cubans and for Cuban-Americans trying to help family and friends on the island?

United statesCiudad de la habanaComunidad autonoma de catalunaMarta deusKariel gonzalezEmilio moralesHiram centellesUbaldo huertaMiguel diaz canelUniversity of havanaCentral bankTrump administrationHavana consulting group in miamiSouth floridaCuban convertible pesoMonetary ordering